Not getting Form 16 : Is he eligible to take home loan without any difficulty?

[Manish_Kumar]

PT means profession tax and labour welfare fund tax both are deducting from salary slip. company is not giving form 16. What should i do?

Regards,
Asmi

via email

The Form 16 lists your income for the previous financial year, your tax liabilities and your tax exemptions. It also gives the PAN (Permanent Account Number) and TAN (Tax deduction and collection Account Number) numbers of your employer, who deducts tax at source (your pay slip). But if a company does not have a TAN number, it cannot deduct taxes at source and can’t issue a Form 16.

As per IT act each employer has to provide the form 16 to the employees. Hence you can ask for your form 16 from your accounts department.